HDB Financial Services Ltd/Mortgage Loan against Property
CIBIL Record

I had been sanctioned a Mortgage Loan against Property [my two flats at 204/205, Vasant Prakash, Opp: Amarnath Tower, 7 Bunglows, Andheri West, Mumbai 400061] for Rs.45 lakhs on 31st March. However, the loan was not disbursed at all by HDB inspite of several requests from my side and inspite of a Registered Mortgage being signed on/around 3rd June for the same where I had to spend about Rs.75, 000/- from my pocket. Without disbursing the loan, HDB Financial Services Ltd sent an ECS installment of about Rs.115, 000/- which my bank (ABN AMRO) rejected for want of a mandate.

Inspite of the Mortgage Loan not being disbursed, HDB Financial Services Ltd have for no reason and illegally registered my name with CIBIL as per details given below which are totally incorrect as no disbursal took place and so no question of any overdue as well. I came to know about this CIBIL record by HDB only today through a friend and so thought of complaining. My complaints are:

1. HDB FSL need to reimburse me the cost of Registered Mortgage as inspite of signing it they did not disburse the loan and so the cost should be borne by them (incl. legal fee which they made me pay to their lawyer in cash) totalling Rs.75, 000/- (i.e. registration, stamping, legal fees)

2. HDB FSL need to clear my name in CIBIL records as details given below

3. HDB FSL need to bring my credibility back as an amount of Rs.45 lakhs shown against my name since mid 2009 has added to the problems I have had with CIBIL records due to defaults on my part with other institutions but of smaller amounts. Now I realise why banks have been giving me starry look when I go to them for any help.

I understand that Mr. Haren Parekh, the Financial Controller of HDB FSL is the Vice President of CIBIL.

The details shown on CIBIl website even today against my name under PAN Card No. AAEPD4399K:

TYPE: PROPERTY LOAN

OPENED: 31-03

LAST PAYMENT: 04-05

REPORTED: 30-06

SANCTIONED: 45, 00, 000

CURRENT BALANCE: 45, 00, 000

OVERDUE: 1, 15, 100

Company: HDB Financial Services Ltd/Mortgage Loan against Property
Country: India
State: Maharashtra
City: Mumbai Suburban

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